News

Payment Methods
UK FinTech Ecospend, Car Repair Payment Platform Bumper Team on A2A Payments
October 10, 2022

Open banking payment provider Ecospend has launched a new marketplace payment solution for car repair-focused BNPL platform Bumper that will help connect customers with car dealers, a press release said. Because of partnering with Ecospend, payments will be able to be split between Bumper and...

Retail
Blend of Shopping, Entertainment, Leisure Takes GCC Retail Experience up a Notch
October 10, 2022

Known as the shopping capital of the Middle East, Dubai is home to some of the world’s largest malls and a sophisticated retail ecosystem. As PYMNTS recently reported, local brands are embracing innovation and offering a glimpse into the future of hybrid shopping experiences that...

eCommerce
Three-Quarters of Millennials Purchase Groceries Online
October 10, 2022

Online grocers looking to drive adoption would be best served to focus on the needs and preferences of millennials, given that these consumers are the most likely of all generations to purchase their groceries digitally. By the Numbers Research from PYMNTS’ new study “Super Apps...

eCommerce
44% of ‘Deal Chasers’ Used Online Marketplace to Make Their Most Recent Retail Purchases
October 10, 2022

Inflation is top of mind for consumers. That’s no surprise. And with higher prices comes the desire to find the most bang for the buck, the offers that help stretch shopping dollars. As PYMNTS research done in collaboration with Checkout.com reveals, across more than 2,000...

B2B Payments
Today in B2B Payments: New Alliances Tackle SMB Banking, X-Border Payments
October 10, 2022

Today in B2B payments, BankiFi and Axiom Bank team to offer embedded banking solutions to small- to medium-sized businesses (SMBs), while TD Securities joins Visa B2B Connect to help businesses send money to other businesses across borders. Plus, Mastercard launches a platform that offers spend...

Retail
Report: Holiday-Related Commerce Expected to Slow or Even Drop
October 10, 2022

Online holiday-related commerce is expected to grow slowly or even dip this year, as several factors add up to a shopping season that’s quite different from last year’s. Adobe Analytics predicted that online spending during the season will grow only 2.5% — the lowest growth...

Delivery
Delivery Firms Boost Alcohol to Drive Loyalty and Increase Spend
October 10, 2022

DoorDash is making it easier for existing restaurant customers to adopt its beer, wine and spirits options as leading U.S. aggregators look to leverage their alcohol offerings to create additional sales occasions and/or increase typical orders’ basket size. On Thursday (Oct. 6), the delivery firm announced...

Loyalty & Rewards
i2c, Retailer Majid Al Futtaim Launch Payment, Rewards Solution
October 10, 2022

Digital payment and banking technology provider i2c has partnered with retailer Majid Al Futtaim to launch a new payment solution that complements the retailer’s rewards program.  With the partnership, customers of Majid Al Futtaim — which owns and operates shopping malls, communities and retail and...

Regulation
PayPal Apologizes for Threat of Fines Over ‘Misinformation’
October 10, 2022

PayPal is apologizing for what it says is “confusion” over a new policy that threatened to fine customers and merchants for sharing what the company determined to be misinformation. According to multiple media reports Monday (Oct. 10), the company has said the new policy was...